Gold Holds Decline as Inflation Data Show Fed Battle Isn’t Over

Gold held a decline that snapped a record-breaking run of gains after a hotter-than-expected US inflation print dented investor hopes of a Federal Reserve pivot to monetary easing in the coming months. After rallying for nine consecutive trading days, bullion closed 1.1% lower on Tuesday...

Market Review Tuesday, March 12, 2024

Nikkei Japanese stocks declined slightly, trimming much of their earlier losses as investors continue to assess clues from the Bank of Japan on whether it is preparing to end negative interest-rate policy as early as next week. Topix Index fell 0.4% to 2,657.24 as of 3:01 p.m. Tokyo time. Nikkei...

Gold Closes Lower Following Seven Record Days as US Inflation Rose More Than Expected Last Month

Gold closed down from a record high on Tuesday as the dollar and treasury yields rose after the United States reported inflation ran hotter than expected in February, raising doubts the Federal Reserve will begin lowering interest rates as soon as June. Gold for April delivery closed down...

Gold Extends Loss as US Inflation Data Reinforces Fed Caution

Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in February, reinforcing the Fed’s cautious approach to cutting interest rates.  Spot bullion whipsawed as traders digested the data print, before trading down 1% at...

Gold Falls from Near Record-High Levels After U.S. Inflation Data

Gold edged further away from a record peak on Tuesday as it looks set to break nine straight sessions of gains after the latest U.S. inflation data. Spot gold last fell 1.15% to $2,157.39 per ounce, trading below a record high of $2,194.99 it hit on Friday. U.S. gold futures also dipped 0.1.17%...

Gold Ends Nine-Day Rally Before Release of US Inflation Data

Gold ended its nine-day surge, edging lower just ahead of US inflation data that may provide more certainty on the timing of the Federal Reserve’s pivot to cutting interest rates. The precious metal traded as low as $2,173.77 an ounce — a 0.4% decline — after a rally of nearly $150 on...

Gold Edges Lower After Nine-Day Rally Ahead of US Inflation Data

Gold edged lower, after a nine-day surge, ahead of US inflation data that may provide more certainty on the timing of the Federal Reserve’s pivot to cutting interest rates. The precious metal traded near $2,180 an ounce after a rally that’s seen it rise more than 7% and set record highs on...

Gold Retreats from Near Record-High Levels Ahead of US Inflation Data

Gold prices slipped from near record-high levels on Tuesday, as traders braced for key U.S. inflation report that could give more clarity on when the Federal Reserve might start cutting its interest rates. Spot gold fell 0.2% to $2,178.53 per ounce, as of 0424 GMT, after rising for nine...

Gold Steadies After Nine-Day Rally Ahead of US Inflation Data

Gold steadied after a nine-day surge ahead of US inflation data that may provide more certainty on the timing of the Federal Reserve’s pivot to cutting interest rates. The precious metal traded near $2,180 an ounce in Asia after a rally that’s seen it rise more than 7% and set record highs...

Market Review Monday, March 11, 2024

Nikkei Japanese equities slid the most since Oct. 4, with both benchmarks declining more than 2% as growing speculation the Bank of Japan will raise interest rates lifted the yen and hurt exporters. The Topix closed 2.2% lower at 2,666.83 in Tokyo, with 31 of 33 sub-sectors dropping. The...

Gold Closes at a Record High for the Seventh-Straight Day Ahead of February Inflation Data

Gold closes at the seventh-straight record high on Monday even as the dollar and treasury yields rose ahead of US inflation data coming on Tuesday. Gold for April delivery closed up US$3.10 to settle at US$2,188.60 per ounce. The price of the precious metal has been steadily rising on...

Gold Edges Down as the Dollar and Yields Rise Ahead of February Inflation Data

Gold edged lower early on Monday following six days of record prices as the dollar and treasury yields rose ahead of US inflation data coming on Tuesday. Gold for April delivery was last seen down US$0.50 to US$2,185.00 per ounce. The price of the precious metal has been steadily rising on...

Gold steady after record run as US inflation data looms

Gold's record rally hits pause ahead of US inflation data

Gold prices took a breather from a record-breaking rally on Monday, which was fuelled by a cooling U.S. labour market and remarks from the Federal Reserve, with traders awaiting a key inflation report for fresh clues on the timing of rate cuts. Spot gold was steady at $2,179.97 per ounce, as of...

Gold Rally Hits Pause Ahead of US Inflation Data

Gold prices took a breather from a record-breaking rally on Monday, which was fuelled by a cooling U.S. labor market and remarks from the Federal Reserve, as traders awaited an inflation report for fresh clues on the timing of rate cuts. Spot gold was steady at $2,178.44 per ounce, as of 0339...

Gold Pushes Toward Record as Test of $2,200 Looms on Fed Outlook

Gold rose toward a record on expectations the US Federal Reserve will move to cut interest rates this year as inflation cools. Bullion for immediate delivery edged higher on Monday after rallying almost 5% last week, setting a nominal high on four successive days. Gains on Friday were...

Market Review Friday, March 8, 2024

Nikkei Tokyo stocks ended higher on Friday after rallies on Wall Street led by tech stocks. The benchmark Nikkei 225 index was up 0.23 percent, or 90.23 points, to end at 39,688.94, while the broader Topix added 0.30 percent, or 8.26 points, to 2,726.80. Hang Seng Hong Kong shares rallied...

Gold Rises to Another Record as the Dollar Drops Following a Bigger than Expected Rise in US Employment

Gold closed at another record high on Friday, climbing again following five days of gains after an unexpectedly robust US jobs report looks to delay a cut to interest rates, pushing the dollar lower. Gold for April delivery closed up US$20.30 to US$2,185.50 per ounce. The price of the metal is...

Gold Extends Record Run With Sights on $2,200 After US Jobs Data

Gold extended its rally to a fresh record after a key US jobs report bolstered expectations that the Federal Reserve may cut interest rates later this year. The precious metal rose as much as 1.1% to $2,183.79 an ounce, a fresh all-time high, in its eighth straight day of gains. US employment...

Gold Rises to Record Ahead of U.S. Jobs Data

Gold prices were poised for a strong weekly gain Friday as Federal Reserve Chair Jerome Powell’s remarks cemented mid-year rate cut bets, ahead of a key jobs report later in the day. Spot gold was 0.4% higher at $2,167.69 per ounce, breaking above a record peak of $2,164.09 hit in the previous...